Money

by Ken Lindhorst The Board of Public Utilities (BPU) was established to ensure safe, adequate, and reliable utility services at reasonable rates for customers in New Jersey. This includes basic telecommunications services. Superstorm Sandy and September 11, 2001 showed how…

Staples says it is dropping plans to administer mailing services in retail stores, but Mark Dimondstein, president of the American Postal Workers Union claims that the the company’s announcement terminating its no-bid deal with the U.S. Postal Service is a…

by Jon Whiten As New Jersey Policy Perspective documented in our most recent report on New Jersey’s business tax subsidy surge, the state’s use of tax breaks to “create jobs” has increasingly focused on both shifting existing jobs around different…

STATE – The New Jersey Division of Consumer Affairs obtained a $1.8 million settlement plus consumer restitution from eight auto dealerships and their owners, Carmelo Giuffre, of Brooklyn, New York, and Ignazio Guiffre, of Colts Neck. The settlement resolves a state…

STATE — New Jersey has awarded more than $4 billion in tax subsidies and credits to businesses this decade in a largely unsuccessful attempt to spur economic activity and boost the state’s crawl out of the Great Recession, according to a recent report…

06/17/14 – A.M. Best Assigns Debt Rating to Guardian Life Insurance Company of America’s New Surplus Notes 06/17/14 – A.M. Best Affirms Ratings of Central States Indemnity Co. of Omaha and CSI Life Insurance Company 06/17/14 – Panasonic and Hendrick…

The Garden State costs Medicare more than any other state for ambulance rides per kidney dialysis patient. A new crackdown is set to start, but at one big dialysis center, ambulances remain everywhere. DaVita St. Joseph’s dialysis center in Paterson…

NATIONAL — Twenty-eight American corporations acknowledged paying less than a 10 percent foreign tax rate on the collectively $409 billion they hold offshore. The 28 corporations that made disclosures in their most recent annual financial reports included these New Jersey-based…

RAHWAY — Democrat James J. Devine endorsed a new student loan refinancing bill introduced by Massachusetts Senator Elizabeth Warren and asked citizens to sign a petition backing the proposed measure in response to a request from the progressive lawmaker. In an email…

NATIONAL — Senate Republicans blocked a Democratic bill on Wednesday that would boost the $7.25 hourly federal minimum wage to $10.10 over 30 months, handing a defeat to President Barack Obama and 16.5 million low-income workers. Democrats hope the vote…